Technology · Information Technology Services
Price
$133.30
Market Cap
$17.0B
Employees
15,100
Beta
0.99
Avg Volume
2,016,890
CEO
Christine A. Leahy
Business Description
CDW Corporation specializes in delivering comprehensive information technology services and products across North America and the United Kingdom. It strategically targets three core client divisions: corporate enterprises, small to medium-sized businesses, and public sector organizations. Their portfolio encompasses both individual hardware and software offerings, alongside sophisticated integrated IT solution packages. These comprehensive solutions span on-premise, hybrid, and cloud environments, addressing critical areas such as data center infrastructure, network management, digital workspace enablement, and robust security. Key hardware categories include mobile computing devices (laptops, tablets), network infrastructure components, desktop workstations, display units, and enterprise data storage systems, while software offerings feature application suites, cybersecurity tools, virtualization platforms, operating systems, and network management utilities. Beyond products, CDW delivers a broad spectrum of services, including expert advisory and design, custom software development, system implementation, ongoing managed services, specialized professional support, configuration assistance, and telecommunications solutions, complemented by product warranties. They also focus on providing mission-critical software, system, and network solutions. Furthermore, installation, deployment, and repair services are facilitated for customers, often leveraging a network of third-party partners. Their diverse clientele includes governmental bodies, educational institutions, healthcare providers, and businesses of all scales – from small enterprises to major corporations. Established in 1984, the company maintains its primary corporate offices in Vernon Hills, Illinois.
Business History
Price Overview
Last updated: Jun 27, 2026 10:03am (just now)$133.30
+5.28 (+4.12%)
Day Range
$127.57 – $133.53
52-Week Range
$97.12 – $183.91
50-Day MA
$124.89
200-Day MA
$135.51
Volume
2,616,216.00
Analyst Price Targets
Low
$123.00
Consensus
$150.00
High
$180.00
(18 analysts)
Share Structure
Outstanding
127,753,451.00
Float
127,297,371.00
Free Float
99.6%
High free float
— 99.6% of shares trade freely, ~0.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
15.96
Stock Price: $133.30
EPS (Diluted): 8.13
EPS (Diluted): 8.13
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
6.86
Stock Price: $133.30
Total Equity: $2.61B
Shares: 132,100,000
Total Equity: $2.61B
Shares: 132,100,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.19
Market Cap: $17.03B
Total Debt: $6.17B
Cash: $618.70M
EBITDA: $1.95B
Total Debt: $6.17B
Cash: $618.70M
EBITDA: $1.95B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$23.6B
Market Cap: $17.03B
Total Debt: $6.17B
Cash: $618.70M
Total Debt: $6.17B
Cash: $618.70M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
21.7%
Gross Profit: $4.87B
Revenue: $22.42B
Revenue: $22.42B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
7.4%
Operating Income: $1.66B
Revenue: $22.42B
Revenue: $22.42B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
4.8%
Net Income: $1.07B
Revenue: $22.42B
Revenue: $22.42B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
42.4%
Net Income: $1.07B
Total Equity: $2.61B
Total Equity: $2.61B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
12.3%
Operating Income: $1.66B
Tax Rate: 25.3%
Equity: $2.61B
Total Debt: $6.17B
Cash: $618.70M
Tax Rate: 25.3%
Equity: $2.61B
Total Debt: $6.17B
Cash: $618.70M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.18
Current Assets: $8.50B
Current Liabilities: $7.23B
Current Liabilities: $7.23B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.37
Short-Term Debt: $1.39B
Long-Term Debt: $4.78B
Total Debt: $6.17B
Total Equity: $2.61B
Long-Term Debt: $4.78B
Total Debt: $6.17B
Total Equity: $2.61B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$169.75
Revenue: $22.42B
Shares: 132,100,000
Shares: 132,100,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$19.73
Total Equity: $2.61B
Shares: 132,100,000
Shares: 132,100,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$8.24
Operating CF: $1.21B
CapEx: -$117.10M
Shares: 132,100,000
CapEx: -$117.10M
Shares: 132,100,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.8%
Last Dividend: N/A
Stock Price: $133.30
Stock Price: $133.30
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.07B
Net Income: $1.07B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CDW against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $20.8B | $23.7B | $21.4B | $21.0B | $22.4B |
| Cost of Revenue | $17.3B | $19.1B | $16.7B | $16.4B | $17.6B |
| Gross Profit | $3.6B | $4.7B | $4.7B | $4.6B | $4.9B |
| Operating Expenses | $2.1B | $3.0B | $3.0B | $3.0B | $3.2B |
| Operating Income | $1.4B | $1.7B | $1.7B | $1.7B | $1.7B |
| Net Income | $988.6M | $1.1B | $1.1B | $1.1B | $1.1B |
| EBITDA | $1.6B | $2.0B | $1.9B | $1.9B | $2.0B |
| EPS | $7.14 | $8.24 | $8.20 | $8.06 | $8.13 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $258.1M | $315.2M | $588.7M | $503.5M | $618.7M |
| Total Current Assets | $6.5B | $6.6B | $6.7B | $7.4B | $8.5B |
| Total Assets | $13.2B | $13.1B | $13.3B | $14.7B | $16.0B |
| Current Liabilities | $5.1B | $4.9B | $5.4B | $5.5B | $7.2B |
| Long-Term Debt | $6.8B | $5.9B | $5.0B | $5.6B | $4.8B |
| Total Liabilities | $12.5B | $11.5B | $11.2B | $12.3B | $13.4B |
| Total Equity | $705.7M | $1.6B | $2.0B | $2.4B | $2.6B |
| Retained Earnings | -$2.6B | -$1.8B | -$1.5B | -$1.3B | -$1.3B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $784.6M | $1.3B | $1.6B | $1.3B | $1.2B |
| Capital Expenditure | -$100.0M | -$127.8M | -$148.2M | -$122.6M | -$117.1M |
| Free Cash Flow | $684.6M | $1.2B | $1.5B | $1.2B | $1.1B |
| Acquisitions (net) | -$2.7B | -$36.7M | -$76.4M | -$323.9M | -$21.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.5B | $0 | -$500.0M | -$500.0M | -$653.0M |
| Net Change in Cash | -$1.2B | $57.1M | $273.5M | -$81.0M | $115.2M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$23.6B $22.5B – $24.1B
|
$24.4B $23.3B – $25.3B
|
$25.0B $24.7B – $25.3B
|
$27.1B $26.2B – $27.8B
|
| EBITDA |
$2.3B $2.2B – $2.4B
|
$2.4B $2.3B – $2.5B
|
$2.5B $2.4B – $2.5B
|
$2.7B $2.6B – $2.7B
|
| Net Income |
$1.4B $1.4B – $1.4B
|
$1.6B $1.5B – $1.6B
|
$1.7B $1.6B – $1.7B
|
$0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +14.1% | -10.0% | -1.8% | +6.8% |
| Gross Profit Growth | +31.3% | -0.7% | -1.1% | +5.9% |
| Operating Income Growth | +22.3% | -3.1% | -1.8% | +0.3% |
| Net Income Growth | +12.7% | -0.9% | -2.4% | -1.0% |
| EBITDA Growth | +22.8% | -3.3% | -1.1% | +1.3% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-10 | Jones Marc Ellis | A-Award | 21.88 | $129.30 | $2,829 |
| 2026-06-10 | TAN HANG | A-Award | 164.69 | $129.30 | $21,294 |
| 2026-06-10 | CLARIZIO LYNDA M | A-Award | 7.88 | $129.30 | $1,019 |
| 2026-06-10 | LEAHY CHRISTINE A | A-Award | 298.44 | $129.30 | $38,588 |
| 2026-06-10 | Kumar Mukesh | A-Award | 105.11 | $129.30 | $13,591 |
| 2026-06-10 | LOCY PETER R | A-Award | 18.56 | $129.30 | $2,400 |
| 2026-06-10 | ADDICOTT VIRGINIA C. | A-Award | 90.14 | $129.30 | $11,655 |
| 2026-06-10 | KULEVICH FREDERICK J. | A-Award | 65.30 | $129.30 | $8,443 |
| 2026-06-10 | MIRALLES ALBERT JOSEPH JR | A-Award | 108.19 | $129.30 | $13,989 |
| 2026-06-10 | BELL JAMES A | A-Award | 105.04 | $129.30 | $13,582 |
| 2026-06-10 | Swedish Joseph | A-Award | 30.95 | $129.30 | $4,002 |
| 2026-06-10 | Grier Kelly J | A-Award | 7.88 | $129.30 | $1,019 |
| 2026-06-10 | NELMS DAVID W | A-Award | 160.90 | $129.30 | $20,804 |
| 2026-06-10 | Sanderson Katherine Elizabeth | A-Award | 65.26 | $129.30 | $8,438 |
| 2026-06-10 | CONNELLY ELIZABETH H. | A-Award | 88.41 | $129.30 | $11,431 |
| 2026-06-10 | Foxx Anthony R | A-Award | 32.61 | $129.30 | $4,216 |
| 2026-05-27 | NELMS DAVID W | P-Purchase | 18,000.00 | $111.43 | $2.0M |
| 2026-05-18 | LEAHY CHRISTINE A | P-Purchase | 4,830.00 | $103.40 | $499,398 |
| 2026-05-11 | TAN HANG | A-Award | 33,802.00 | $0.00 | $0 |
| 2026-05-11 | LOCY PETER R | A-Award | 1,950.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-22 | $0.63 | 2026-05-06 | 2026-05-25 | 2026-06-10 |
| 2026-02-25 | $0.63 | 2026-02-04 | 2026-02-25 | 2026-03-10 |
| 2025-11-25 | $0.63 | 2025-11-04 | 2025-11-25 | 2025-12-10 |
| 2025-08-25 | $0.63 | 2025-08-06 | 2025-08-25 | 2025-09-10 |
| 2025-05-23 | $0.63 | 2025-05-07 | 2025-05-26 | 2025-06-10 |
| 2025-02-25 | $0.63 | 2025-02-05 | 2025-02-25 | 2025-03-11 |
| 2024-11-25 | $0.63 | 2024-10-30 | 2024-11-25 | 2024-12-10 |
| 2024-08-26 | $0.62 | 2024-07-31 | 2024-08-26 | 2024-09-10 |
| 2024-05-23 | $0.62 | 2024-05-01 | 2024-05-24 | 2024-06-11 |
| 2024-02-23 | $0.62 | 2024-02-07 | 2024-02-26 | 2024-03-12 |
| 2023-11-22 | $0.62 | 2023-11-01 | 2023-11-24 | 2023-12-12 |
| 2023-08-24 | $0.59 | 2023-08-02 | 2023-08-25 | 2023-09-12 |
| 2023-05-24 | $0.59 | 2023-05-03 | 2023-05-25 | 2023-06-13 |
| 2023-02-23 | $0.59 | 2023-02-08 | 2023-02-24 | 2023-03-10 |
| 2022-11-23 | $0.59 | 2022-11-02 | 2022-11-25 | 2022-12-09 |
| 2022-08-24 | $0.50 | 2022-08-03 | 2022-08-25 | 2022-09-09 |
| 2022-05-24 | $0.50 | 2022-05-04 | 2022-05-25 | 2022-06-10 |
| 2022-02-24 | $0.50 | 2022-02-09 | 2022-02-25 | 2022-03-10 |
| 2021-11-23 | $0.50 | 2021-11-03 | 2021-11-24 | 2021-12-10 |
| 2021-08-24 | $0.40 | 2021-08-04 | 2021-08-25 | 2021-09-10 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CDW — it's generated by the pipeline (
market-narrative step).
No community reviews yet for CDW.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30